teeboo (@teeboo) • Hey
The beginning of the end.
Publications
- ✨Blast airdrop is launching June 26✨
You have a time for farming😉
- Thank you @lens/holdbtc
- Interesting.
- WAGMI.
- .
- .
- The Runes Economy: Navigating the Booming Market of Bitcoin-Derived Tokens
While the BRC20 token economy’s market valuation surpasses $ 2.8 billion, according to one leading market cap aggregation website, tokens derived from the Runes protocol are beginning to experience price discovery following the launch of the new token standard. The following is a look at several popular runes tokens, detailing their supplies and present market values.
Runes Protocol Spurs New Trend of Tokenization and Market Speculation
Since the introduction of the Runes protocol, Bitcoin has seen significant tokenization efforts. Numerous tokens emerging from the Bitcoin blockchain are now actively traded and hold real-world value. One way to gauge the value of some of these tokens is through Okx’s non-fungible token (NFT) marketplace, which features listings for Ordinals and BRC20s.
Post-halving, runes have shown increased trading volumes alongside elevated and unfathomable market caps. For example, the Runes-based Z•Z•Z•Z•Z•FEHU•Z•Z•Z•Z•Z token, we’ll refer to as Z•FEHU, is trading at 25,999 satoshis or $ 17.21 per token. The day prior, on April 20, Z•FEHU traded for 64,999 satoshis or $ 42 per token. This token was created during the halving at block 840,000 and has a circulating supply of 110,010,564 Z•FEHU, with 110,000,000 tokens premined and 19,780 mints at 7:00 a.m. (EDT) on Sunday.
According to Okx, 3,885 holders possess Z•FEHU, and there have been 216 sales in the marketplace so far. At the current price, the fully diluted valuation of Z•FEHU would be approximately $ 2.07 billion. Another token featured on Okx from the Runes protocol universe, referred to as RSIC•GENESIS•RUNE, or simply RSIC, has logged 686 sales to date, with a base price of 19.6 satoshis, equivalent to $ 0.012 per token at 7:00 a.m. (EDT).
This puts RSIC’s fully diluted valuation at an ostensible $ 267.37 million. Yet, RSIC has a total supply of 21 billion tokens, all premined by the sole creator. Given the novelty of runes tokens and their limited liquidity compared to more established cryptocurrencies, market valuations can be extraordinarily high and may fluctuate significantly, especially in nascent markets where liquidity is still developing.
Another trending Runes-based token, SATOSHI•NAKAMOTO, which we will call SN, has already achieved 5,293 sales. According to Okx, 19,862 holders currently possess SN. This token boasts a total supply of 21,169,700, with 4,200,000 of these being premined. Amid trading volume amounting to $ 2.8 million, SN is currently trading at 9,550 sats or $ 6.21 per coin, bringing its market cap to approximately $ 132.3 million on Sunday morning.
Additional Runes-based tokens that are active on Okx include ‘MEME•ECONOMICS,’ ‘THE•TICKER•IS•ELSA,’ ‘RARE•PUPS•PUPCASH,’ ‘UNCOMMON•GOODS,’ and ‘ANARCHO•CATBUS.’ These new tokens are attracting buyers for various reasons—from their provenance and speculative potential to their links with existing BRC20 and Ordinal projects.
While it’s too soon to predict the future demand for Runes-based tokens, enthusiasts are optimistic about the significant value rise of this emerging economy. While some are sure to view the recent trend as a passing phase. So far, the impact and spread of runes tokens have certainly left a profound impression.
- Still on.
- Red Wednesday.
- Happy Easter.
- The social layer → the social chain
- 💥Simple guide on @Mint_Blockchain 🪂
💯FREE
⏳3min
🔗mintchain.io/mint-forest?in…
🎟️A3FDE0E0
✅Connect wallet
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✅Complete social task
🔗infura.io/faucet/sepolia
✅Claim test ETH
✅Bridge
🪙9300 ME points
🗓️Do daily check in for more points
💙Like
🔁RT
https://twitter.com/CryptoTeluguO/status/1768494992035918280?t=ChNttN43aBeLL-AfkikKnQ&s=19
- 💥Simple guide on @KelpDAO 🪂
🎁Earn
🪙Eigen points
🪙Kelp Miles
🪙APY
🪙rsETH
🪙 $KEP
👇Steps
🔗kelpdao.xyz/restake/?utm_s…
✅Connect on Arbitrum
✅Stake ETH
✅Exit anytime
⛽$ 0.3
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1️⃣25 extra Eigen points per $rsETH minted
2️⃣1.25x Kelp Miles
3️⃣10% Miles boost
💙Like
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https://twitter.com/CryptoTeluguO/status/1768126624997015673?t=fuB5RCv7lYfoN7UB3DaMRQ&s=19
- 😀Don't forget to collect
🐻⛓️ @berachain daily points
👇Steps
🔗galxe.com/Berachain/camp…
✅Complete daily task
✅Claim rewards
🪙5 Galxe points daily
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🤔Points=🪂?
📸How many Berachain Galxe points did u collect?Post screenshot
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https://twitter.com/CryptoTeluguO/status/1760491682662068429?t=aMAKXp-7M7i91r3Rzcnw5w&s=19
- Join me and mine grass
https://app.getgrass.io/register/?referralCode=Nn61DrnACJjuOHR
- GM GM Frens! 💜
Phaver / Lens is officially Crypto Project of the Year 🎉
A big thank you to everyone who supported us, as we faced off with projects like Pudgy Penguins, Solana, Avalanche, and our worthy challenger, ThorChain. 🫡
If you voted for us in any of the rounds using a Coinage, good news: You're whitelisted for a special Phaver-connectable Distinguished Voter: Crypto Project of the Year Voter SBT. 👑
Mint it here 👉 https://galxe.com/phaver/campaign/GCSNZtwJiV & connect to your Phaver profile for some extra Cred + Points.⚡️ 🔥
And a heads-up to the entire Coinage Community: If you have any of the membership pass tiers, connect it to Phaver, you'll continue earning 2X points on it for two more weeks.
Keep Phavering! 🦄
- Another day to .................
- Key updated you need to know about recent big news and big protocols.
最近这段时间要发生的一些大事情。
- Its going to be a beautiful day.
- 🚀Market is on 🔥
😁Great time to do a #Airdrop
🤔Who is goining to announce Airdrop this week?
🪂Team @Starknet it's time to announce elibility check
🪂Give us $STRK
🤔What do u think? Which is next big #Airdrop? Let me know
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https://twitter.com/CryptoTeluguO/status/1741992363289981425?t=6ZjLskPpRFwwLUUXjO7IXw&s=19
- 😉Don't miss today's Video
🎉It's about next #Airdrop
✅Confirmed #Airdrop
✅Backed by @binance
💯FREE
✅Simple steps to earn points
🪙Similar point structure like @nfprompt & @SleeplessAI_Lab
🤔R u ready?Uploading on my 3 YT channels soon
🗓️It's Binance week🎉
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https://twitter.com/CryptoTeluguO/status/1741450250429354373?t=mRqZdkMKLOwmHgEnesFk6A&s=19
- 📅We r 5 months away from halving
🧑🌾We r well positioned on all major #Airdrop coming in 2024🐂
✅@Starknet
✅@LayerZero_Labs
✅@zksync
✅@LineaBuild
✅@base
✅@wormholecrypto
✅@MantaNetwork
✅@eigenlayer
✅@Scroll_ZKP
✅@Blast_L2
✅@XAI_GAMES
💸More
🚀Get ready
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https://twitter.com/CryptoTeluguO/status/1740565748018553194?t=gvdnx1e3ZVNgVYV90tZBZA&s=19
- Come play Smash Carts with the Wassies!!!
https://twitter.com/ByWassiesEvents/status/1739707930604122378?s=46&t=z8FHxlFuYjbjbYfykV2cZg
- U.S. SEC Admits Mistake and Apologizes in Lawsuit Against Virtual Currency Firm
https://coinpost.jp/?p=500489
- A day to #christmas. What does the market have for us?
- GM Frens. ❤️ Dive into festive spirit with Mocaverse's Christmas Meme Contest! 🎄 🎁
🖼 Create a meme using Moca #872 & post it in the "Christmas Memes by Moca" community.
🎉 The top meme chosen by amount of stakes & team decision wins a rare Mocaverse NFT & 50k Phaver Points. Next 10 get 25k points each 🏆 All participants get 75 Mocaverse RP!
Further details:
Register here 🦄 https://mocaverse.xyz/mission/70abcc09-95d7-4809-b9bc-d63d29e7a95e
Comment, stake & like your Phave memes. And post them on X by tagging both @ MocaverseNFT @ phaverapp 💜
Check out Moca #872 here 👉 https://opensea.io/assets/ethereum/0x59325733eb952a92e069c87f0a6168b29e80627f/8307
🔗 Remember to link your Moca ID to Phaver to enter.
Let's Keep Phavering! 🎅
- Cadets, TVL has surpassed $ 300K
▪️ 1D Change +4.90%
▪️ 7D Change +69.52%
Source DefiLlama 💸
- GM Frens. ❤️ Dive into festive spirit with Mocaverse's Christmas Meme Contest! 🎄 🎁
🖼 Create a meme using Moca #872 & post it in the "Christmas Memes by Moca" community.
🎉 The top meme chosen by amount of stakes & team decision wins a rare Mocaverse NFT & 50k Phaver Points. Next 10 get 25k points each 🏆 All participants get 75 Mocaverse RP!
Further details:
Register here 🦄 https://mocaverse.xyz/mission/70abcc09-95d7-4809-b9bc-d63d29e7a95e
Comment, stake & like your Phave memes. And post them on X by tagging both @ MocaverseNFT @ phaverapp 💜
Check out Moca #872 here 👉 https://opensea.io/assets/ethereum/0x59325733eb952a92e069c87f0a6168b29e80627f/8307
🔗 Remember to link your Moca ID to Phaver to enter.
Let's Keep Phavering! 🎅